Download How to track your disbursement - Fullerton College | Financial Aid

HOW TO TRACK YOUR DISBURSEMENT
Disbursements occur daily beginning the first Friday of the semester. All eligible students who
have met the priority filing date of May 31, 2016 for the fall semester and who meet the
Satisfactory Academic Progress Policy will be considered for the first disbursement. Once a
student is awarded and registered, Fullerton College must verify that the student is not receiving
financial aid at any other college, which, depending on when you register, may hold
disbursement for ten days*.
The Federal Pell Grant is disbursed in two equal installments each semester, 50% the first
disbursement and 50% after the mid-point of the semester.
Students will note a negative balance on their account once the disbursement has
occurred. It may take 5-10 business days for the refunds to be processed and transferred
to the student’s refund preference after a request for payment is made. The negative
balance will disappear from the student’s account once the grant or loan has been
transferred to BankMobile. Students set up to receive email and/or text messages from
BankMobile will be notified when the refund hits their account.
All grant disbursements are based on the number of units in which the student is enrolled at the
time of the freeze date for the semester.
FREEZE DATES:
FALL
SPRING
Full-time = > 12 Units
¾ Time = > 9 Units
½ Time = > 6 Units
Less Than ½ Time = < 5 Units
September 6, 2016
February 14, 2017
DISBURSEMENT DATES:
FALL 2016:
1st 50% disbursement of Federal Pell Grant:
2nd 50% disbursement of Federal Pell Grant:
August 17, 2016**
October 5, 2016**
SPRING 2017:
1st 50% disbursement of Federal Pell Grant:
2nd 50% disbursement of Federal Pell Grant:
January 25, 2017**
March 15, 2017**
**FUNDS WILL NOT
REACH BANKMOBILE
UNTIL 5-10 DAYS
AFTER THE
DISBURSEMENT DATE.
SEOG, CAL GRANT B & C, and Direct Stafford Loan awards will be disbursed in two
equal 100% installments for the fall and spring semesters.
FALL 2016 Disbursement:
SPRING 2017 Disbursement:


September 22, 2016**
February 28, 2017**
Loan students, SEOG, and Cal Grant students must be enrolled in at least 6 units at FC or CC.
Cal Grant B & C award dates are subject to state funding.
* See the Transfer Monitoring section of the Financial Aid Consumer Brochure for more information